Nigeria’s ambitious ₦54.9 trillion 2025 budget hinges on unlocking over $4 trillion in bankable assets currently stalled by legal and regulatory barriers, according to Tayo Aduloju of the Nigerian Economic Summit Group (NESG). By attracting local and foreign investments through these assets, the government could meet its ₦40 trillion revenue target; but only if key economic and political challenges are addressed.
Key Revenue Streams for Budget Funding
Unlocking Bankable Assets ($4 Trillion Potential)
Legal and regulatory reforms are needed to free up dormant assets in real estate, infrastructure, and natural resources.
Improved investor confidence could drive both domestic and foreign capital inflows.
Boosting Oil Production (2.2 Million Barrels/Day Target)
Nigeria’s budget relies heavily on oil revenue, but political instability in Rivers State threatens production.
A stable Niger Delta is crucial to meeting output goals and sustaining revenue.
External Revenue: FDI, Exports & Diaspora Remittances
A $5 billion investment pipeline 20 billion from economic diplomacy could bolster external funding.
Non-oil exports and diaspora remittances must also be maximized.
Inflation Control & Economic Stability
For Nigeria to curb inflation and stabilize the economy, Aduloju highlights:
Energy security to reduce production costs.
Tax reforms to improve revenue collection.
Better CBN-fiscal policy coordination to align monetary and economic data.
Without urgent action, Nigeria risks:
Missed revenue targets, leading to higher borrowing.
Continued inflation and currency instability.
Investor skepticism due to regulatory bottlenecks.
Conclusion
Nigeria’s 2025 budget is achievable; but only with strong reforms, political stability, and investor-friendly policies. Unlocking bankable assets, securing oil production, and improving fiscal-monetary coordination are non-negotiable steps for economic recovery.